Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.
The Town of Grand Lake is a Statutory Town located in Grand County, Colorado, United States. The population was 447 at the 2000 census. This town is at an elevation of 8437 feet (2572 m) and was established in 1879. It derives its name from the nearby Grand Lake, the largest natural body of water in the state. The town was originally an outfitting and supply point for the mining settlements of Lulu City, Teller City and Gaskill, but today is more of a tourist town. It was incorporated June 23, 1944 and briefly held the county seat from 1882 to 1888.